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World Business Briefing | Asia: Singapore: Growth Spurt In QuarterSingapores economic growth unexpectedly accelerated in the fourth quarter to the fastest pace in a year as a record number of tourists and an all-time high stock market spurred service industries and helped offset lower electronics exports. Its economy grew an annualized 7.6 percent in the final three months of 2006, after expanding a revised 5.6 percent in the third quarter, the trade ministry said. Prime Minister Lee Hsien Loong said in his New Years message that the pace of expansion may ease in 2007 because of an economic slowdown in the United States and weaker global demand for electronics, which account for about half the $118 billion economys exports. The economy may expand between 4 percent and 6 percent this year, Mr. Lee said. Tag CloudExternal InformationAdditional InformationLibrary of Congress Advances 2 Digital Projects Abroad...Loss at Tyson Means No Bonus for Officials... Uranium Exploration Near Grand Canyon... More Profit and Less Nursing at Many Homes... Where Am I?News Main Page - Business - World Business Briefing | Asia: Singapore: Growth Spurt In Quarter |
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